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#FuturesTrades October 30th Thursday 2008 Trade Log

Trade Posting Chat Log Info: My name is M.A. Perry (a.k.a. online as NihabaAshi - martial arts & Japanese Candlestick term) and I am the moderator of #FuturesTrades.

Simply, my job is to keep the peace and ensure #FuturesTrades is a useful community of traders from around the world that have gather in a virtual trading office.

In addition, I personally use the below chat log as feedback for critical trading information that's not available when I review my broker statements nor any statistical analysis of my trading. To maintain the usefulness of the below chat log, all of my trades were posted in real-time within 5 seconds after entry or exit unless otherwise noted in the log.

To read behind the scenes details about my trades posted below such as explanation of position size, stop management, chart interval choice et cetera...click here.

Further, although I'm not familiar with the trade methods used by most members of #FuturesTrades, I use a rule based methodology (very objective) that involves price action only trading (no indicators). However, some of my trades are intuition via market experience in combo with many concepts from my rule based methodology.

My own current performance record and broker profit/loss statement is posted at the bottom of today's log.

With that said, today's trade posting chat log is below and it contains trades posted in real-time by #FuturesTrades members including all of my own trades that were posted in real-time.

Last of all, if you want the instructions for gaining access to our free #FuturesTrades chat room...click here.

#FuturesTrades purpose, benefits and access info for day traders, swing traders and position traders...click here.

Time Zone Info Chat Log below is eastern standard time (est.) - New York City, U.S.A and/or Montréal, Canada time zone.

<@X> #FuturesTrades Info -> No gurus, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended without their permission.
More info at http://www.thestrategylab.com/FuturesTradesChatRoom.htm

Session Start: Thu Oct 30 09:00:05 2008Session Ident: #futurestrades

* Now talking in #futurestrades 09:00

<@X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm

<sav> gm 09:04

<ItalianSharp> morning all 09:10

<T-stop> gm 09:11

<futurible> GM ALL 09:12

<stick2it> gm all........

<TraderG> gm every 1 09:14

<PapaJon> gm all 09:19

<drt> gm 09:31

<Nesi> Shorts ES @ 956.50 «« paper »» 09:32

<trader0101> Shorts ES @ 955.00 «« paper »» 09:33

<+trader0101> Covered all ES Short @ 956.00 --> - 1 «« paper »»

<ripsboy> gm all... 09:34

<tomis170> hi all

<+trader0101> Long ES @ 956.75 «« paper »»

exit stop moved to breakeven ES @ 957.00 «« paper »» 09:37

Exited all ES Long @ 957.00 --> + 0.25 «« paper »»

<+silo> Shorts YM @ 9192 09:38

one only

Shorts YM @ 9171 -> Add 09:39

<+trader0101> Shorts ES @ 953.25 «« paper »» 09:40

<+silo> Covered 1/2 YM Short @ 9145 --> + 26 09:41

<+trader0101> Covered all ES Short @ 953.25 --> 0 «« paper »» 09:42

<+silo> Covered Remainder YM Short @ 9167 --> + 25 09:43

<szubaark> Buys ES @ 958.25 «« paper »»

<+Nesi> Shorts ES @ 958.00 -> Add «« paper »» 09:44

<+szubaark> tightening Stop 09:45

<+trader0101> Long ES @ 960.00 «« paper »»

<+szubaark> exit stop moved to breakeven ES @ 958.25 «« paper »»

<@NihabaAshi> Long ES @ 960.50 -> large size

10 only 09:46

<+trader0101> exit stop moved to breakeven ES @ 960.25 «« paper »»

<@NihabaAshi> correction

9 only

<+trader0101> Exited all ES Long @ 960.25 --> + 0.25 «« paper »» 09:47

Shorts ES @ 960.75 «« paper »»

<@NihabaAshi> Exited all ES Long @ 960.00 --> - 0.5 09:48

<+szubaark> tightening Stop 09:49

<+silo> Long YM @ 9225

<+szubaark> exit stop set ES @ 959 «« paper »»

Exited all Long ES at 959 --> + 0.75 «« paper »» 09:50

<+silo> Exited all YM Long @ 9207 --> - 18

<+trader0101> Covered all ES Short @ 958.75 --> + 2 «« paper »»

<+silo> Long YM @ 9166 09:52

1

<+trader0101> Shorts ES @ 955.75 «« paper »» 09:53

<@NihabaAshi> Long ES @ 956.50 -> large size 09:54

9 only

<+silo> Long YM @ 7175 -> Add

<+trader0101> Covered all ES Short @ 955.75 --> 0 «« paper »» 09:55

extreme inaction

<+szubaark> Shorts ES @ 952.50 «« paper »» 09:57

<+silo> Exited all YM Long @ 9147 --> + 1953

<@NihabaAshi> Exited all ES Long @ 952.50 --> - 4

<+silo> wrong price entered for the add

<@NihabaAshi> Shorts ES @ 951.75 -> large size

10 only 09:58

<+trader0101> considering how the other world markets moved today, this looks like it hasn't got off the bed as yet 10:00

<@NihabaAshi> Covered all ES Short @ 953.25 --> - 1.5

<+trader0101> bird watching is better than this 10:01

<+silo> Shorts YM @ 9134

2

<+szubaark> tightening Stop

exit stop set ES @ 955 «« paper »»

<@NihabaAshi> Shorts ES @ 952.50 -> large size 10:02

10 only

<+Nesi> Covered all ES Short @ 953.00 --> + 8.5 «« paper »» 10:03

<@NihabaAshi> Covered all ES Short @ 952.25 --> + 0.25 10:04

<+Nesi> Long ES @ 953.00 «« paper »»

<+szubaark> Covered all Short ES at 955 --> - 2.5 «« paper »»

<+silo> Covered all YM Short @ 9152 --> - 18

<+trader0101> Long ES @ 955.00 «« paper »»

Exited all ES Long @ 957.00 --> + 2 «« paper »» 10:05

forget about runners for today

<+Nesi> Exited all ES Long @ 956.00 --> + 3 «« paper »»

<+silo> Shorts YM @ 9168

2

<+Nesi> Shorts ES @ 956.50 «« paper »» 10:06

<+trader0101> buy limit to enter long YM @ 9181 «« paper »» 10:07

Exited all YM Long @ 9167 --> - 14 «« paper »» 10:08

<+Nesi> Shorts ES @ 957.00 -> Add «« paper »» 10:09

<+trader0101> Long YM @ 9180 «« paper »» 10:10

<+silo> Covered all YM Short @ 9181 --> - 13

<@NihabaAshi> Shorts ES @ 959.25 -> large size

9 only

<+szubaark> think im just gonna wait for it to break out of this range 10:12

<+trader0101> Exited all YM Long @ 9166 --> - 14 «« paper »»

sidelines

this makes the DAX look like a supermodel 10:15

Shorts YM @ 953.25 «« paper »» 10:16

did i say sidelines ... )

memory lapse

Breakeven (+ 1 Tick) Stop Hit YM @ 960.25 --> - 7 «« paper »» 10:17

953.00

Covered all ES Short @ 951 --> + 2.25 «« paper »» 10:18

es

<+silo> tried so many times to catch this freaking move

pissed off

<+trader0101> my script is fudged 10:19

oil tanking 10:20

<@NihabaAshi> Covered all ES Short @ 948.50 --> + 10.75

<+T-stop> vn

<+szubaark> Shorts ES @ 950.25 «« paper »»

<+stick2it> very nice.....

<+szubaark> nice Niha.

Covered all Short ES at 950.25 --> 0 «« paper »» 10:21

Shorts ES @ 949.25 «« paper »» 10:22

<+trader0101> exit stop moved to breakeven (+1 tick) ES @ 9999 «« testing »» 10:24

exit stop raised ES @ 9999 «« testing »»

<@NihabaAshi> Long ES @ 950.50 -> medium size 10:25

5 only

<+trader0101> Long ES @ 951.50 «« paper »» 10:26

<@X> #FuturesTrades Info -> Some members (including me) explain basic details about their trades posted in #FuturesTrades @ http://thestrategylab.com/forum/index.ph p?board=58.0 and there's a link there to take you to #FuturesTrades archived logs if you're interested in reviewing past trades or market commentary posted in #FuturesTrades. 10:28

<@NihabaAshi> Exited all ES Long @ 950.75 --> + 0.25

Shorts ES @ 950.25 -> medium size

<+trader0101> Exited all ES Long @ 950.25 --> - 1.25 «« paper »»

<@NihabaAshi> 4 only

<+szubaark> tightening Stop 10:29

exit stop set ES @ 952.25 «« paper »»

<@NihabaAshi> Covered all ES Short @ 946.00 --> + 4.25 10:30

<pat255> vn N ...dang ...S is the play now 10:31

<+szubaark> Covered all Short ES at 947.75 --> + 1.5 «« paper »» 10:34

no followthru

<@NihabaAshi> Shorts ES @ 946.75 -> small size 10:37

2 only

Covered all ES Short @ 942.50 --> + 4.25 10:41

<+szubaark> its going down, but its not pretty LOL 10:42

<rickf> gm 10:45

<+szubaark> hi rick

<+Nesi> Covered all ES Short @ 941.00 --> + 31.5 «« paper »» 10:46

<+silo> Shorts YM @ 9041 10:49

2

<+trader0101> greta stuff nesi 10:50

great

<+rickf> wtg nesi 10:51

<+pat255> vvn

<+silo> Covered all YM Short @ 9056 --> - 15

<+szubaark> Buys ES @ 943.25 «« paper »»

tightening Stop 10:56

exit stop moved to breakeven ES @ 943.25 «« paper »»

tightening Stop 10:57

exit stop set ES @ 944 «« paper »»

Exited all Long ES at 944 --> + 0.75 «« paper »» 10:59

shook me out 11:02

<+Nesi> Shorts ES @ 947.00 «« paper »» 11:06

<+szubaark> Shorts ES @ 946.50 «« paper »» 11:11

<+tomis170> Shorts ES @ 949 «« paper »» 11:13

<+szubaark> exit stop set ES @ 950 «« paper »» 11:15

<+tomis170> Covered all ES Short @ 945 --> + 4 «« paper »» 11:16

<+szubaark> tightening Stop 11:17

exit stop set ES @ 949.25 «« paper »»

<+Nesi> Shorts ES @ 943.50 -> Add «« paper »»

<+silo> Long YM @ 9068 11:19

<+szubaark> tightening Stop 11:20

exit stop set ES @ 946.25 «« paper »» 11:21

Covered all Short ES at 944.25 --> + 2.25 «« paper »» 11:23

Shorts ES @ 941.50 «« paper »» 11:24

<+silo> Exited YM Long @ 9052 --> - 16 11:25

Reverse and Enter Short YM @ 9052

<+szubaark> tightening Stop 11:26

exit stop moved to breakeven ES @ 941.50 «« paper »»

Covered all Short ES at 941.50 --> 0 «« paper »» 11:28

Shorts ES @ 937.25 «« paper »» 11:34

<+silo> Covered all YM Short @ 9031 --> + 21 11:35

<werner> gm all 11:36

<+rickf> hi werner 11:37

<+szubaark> howdy

<+werner> hi rickf,szubraak 11:38

<+szubaark> Covered all Short ES at 936.50 --> + 0.75 «« paper »»

taking a break, dont like this jumpy price action

* szubaark is now known as szubaark_away 11:39

* AustinJM is now known as Austin-lunch 11:46

<+Nesi> ES quote, please, i am down 11:47

<+trader0101> 932.5 11:48

<+pat255> 932.5

<+trader0101> and making new lows

<+Nesi> thanks

* NihabaAshi is now known as NihabaAshi_away 11:58

* codehead_afk is now known as codehead

<+szubaark_away> Shorts ES @ 935.25 «« paper »» 12:27

* szubaark_away is now known as szubaark 12:28

<@X> #FuturesTrades Info -> Some members (including me) explain basic details about their trades posted in #FuturesTrades @ http://thestrategylab.com/forum/index.ph p?board=58.0 and there's a link there to take you to #FuturesTrades archived logs if you're interested in reviewing past trades or market commentary posted in #FuturesTrades. 12:31

<+szubaark> Covered all Short ES at 938.75 --> - 3.5 «« paper »» 12:32

<MK> Long ES @ 932 «« paper »» 12:33

<+szubaark> Shorts ES @ 942.50 «« paper »» 12:35

<+MK> Exited all ES Long @ 941.75 --> + 9.75 «« paper »» 12:36

<+szubaark> Covered all Short ES at 942.50 --> 0 «« paper »» 12:37

Shorts ES @ 942.50 «« paper »» 12:38

exit stop set ES @ 943.50 «« paper »» 12:39

Covered all Short ES at 943.50 --> - 1 «« paper »» 12:41

Shorts ES @ 942 «« paper »» 12:43

exit stop set ES @ 943.50 «« paper »» 12:45

<+Nesi> Covered all ES Short @ 941.00 --> + 8.5 «« paper »» 12:46

<+szubaark> nice Nesi 12:47

<+Nesi> Long ES @ 939.75 «« paper »»

Long ES @ 941.50 -> Add «« paper »» 12:48

<+szubaark> exit stop set ES @ 943.25 «« paper »» 12:49

<+Nesi> Long ES @ 942.00 -> Add «« paper »» 12:50

<+szubaark> tightening Stop

exit stop moved to breakeven ES @ 942 «« paper »»

<+tomis170> Long ES @ 939.75 «« paper »» 12:51

<+szubaark> tightening Stop 12:53

exit stop set ES @ 941 «« paper »»

Covered all Short ES at 941 --> + 1 «« paper »» 12:54

Shorts ES @ 939 «« paper »» 12:56

<+tomis170> Exited all ES Long @ 935.75 --> - 4 «« paper »» 13:00

<+szubaark> tightening Stop

exit stop moved to breakeven ES @ 939 «« paper »»

Covered all Short ES at 936.75 --> + 2.25 «« paper »» 13:03

<+pat255> vn

<+szubaark> price action still hasnt improved.. going back to do something else

* szubaark is now known as szubaark_away

<+MK> Long ES @ 939.25 «« paper »» 13:05

Exited all ES Long @ 943.25 --> + 4 «« paper »» 13:10

<+Nesi> exit stop set ES @ 940.00 «« paper »» 13:13

Exited all ES Long @ 946.50 --> + 11.25 «« paper »» 13:20

Shorts ES @ 946.00 «« paper »»

<+MK> Shorts ES @ 946.25 «« paper »»

Covered all ES Short @ 945.25 --> + 1 «« paper »» 13:23

<+Nesi> Shorts ES @ 943.50 -> Add «« paper »» 13:26

Covered all ES Short @ 940.00 --> + 9.5 «« paper »» 13:34

<@X> #FuturesTrades Info -> No gurus, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended without their permission.
More info at http://www.thestrategylab.com/FuturesTradesChatRoom.htm

<+pat255> vn

<+Nesi> Long ES @ 940.50 «« paper »»

<palmer> long 939.5 13:36

<+Nesi> Long ES @ 941.00 -> Add «« paper »» 13:37

<+palmer> out es +3 13:38

<+Nesi> exit stop set ES @ 940.00 «« paper »» 13:40

<+silo> shorted 9090 13:42

<+Nesi> Exited all ES Long @ 940.00 --> - 1.5 «« paper »»

<+silo> out 9029 13:43

<+Nesi> Long ES @ 938.00 «« paper »»

Long ES @ 938.00 -> Add «« paper »» 13:45

<+silo> Shorts YM @ 9071 13:53

2

<+palmer> battle area here i think 13:55

<+Nesi> Exited all ES Long @ 941.00 --> + 6 «« paper »» 13:57

Long ES @ 944.50 «« paper »» 13:58

Long ES @ 944.00 -> Add «« paper »» 13:59

<+silo> Covered all YM Short @ 9080 --> - 9 14:02

<+Nesi> Long ES @ 945.00 -> Add «« paper »» 14:04

Exited ES Long @ 946.00 --> + 1.5 «« paper »» 14:06

Reverse and Enter Short ES @ 946.00 «« paper »»

Shorts ES @ 947.00 -> Add «« paper »» 14:10

<+szubaark_away> Shorts ES @ 945.50 «« paper »» 14:13

<+Nesi> Shorts ES @ 946.00 -> Add «« paper »» 14:16

<+MK> Long ES @ 944.75 «« paper »» 14:18

<+szubaark_away> tightening stop

exit stop set ES @ 947 «« paper »»

Covered all Short ES at 945.50 --> 0 «« paper »» 14:20

<+Nesi> Covered ES Short @ 948.00 --> - 2 «« paper »» 14:23

Reverse and Enter Long ES @ 948.00 «« paper »»

<+szubaark_away> Buys ES @ 949.75 «« paper »» 14:24

<+silo> freaking a 14:25

missed this long

<+szubaark_away> exit stop moved to breakeven ES @ 949.75 «« paper »»

<+Nesi> Long ES @ 952.00 -> Add «« paper »» 14:26

<+MK> Exited all ES Long @ 950.75 --> + 6 «« paper »»

<+szubaark_away> tightening stop 14:27

exit stop set ES @ 950.75 «« paper »»

<+Nesi> Exited all ES Long @ 952.50 --> + 5 «« paper »» 14:28

Shorts ES @ 951.00 «« paper »» 14:29

<+szubaark_away> Exited all Long ES at 950.75 --> + 1 «« paper »»

<+Nesi> Shorts ES @ 950.00 -> Add «« paper »»

<+szubaark_away> Buys ES @ 952.25 «« paper »» 14:35

Exited all Long ES at 950.75 --> - 1.5 «« paper »»

Shorts ES @ 950.75 «« paper »»

<+MK> maybe break here and go to 960 area 14:36

<+szubaark_away> Covered all Short ES at 954.25 --> - 3.5 «« paper »»

Buys ES @ 954.25 «« paper »»

just so frikin jumpy

<+Nesi> Shorts ES @ 953.00 -> Add «« paper »»

<@X> #FuturesTrades Info -> Some members (including me) explain basic details about their trades posted in #FuturesTrades @ http://thestrategylab.com/forum/index.ph p?board=58.0 and there's a link there to take you to #FuturesTrades archived logs if you're interested in reviewing past trades or market commentary posted in #FuturesTrades. 14:37

<+szubaark_away> Exited all Long ES at 951 --> - 3.25 «« paper »» 14:38

Shorts ES @ 951 «« paper »»

geez this is tough action today 14:40

exit stop set ES @ 954 «« paper »» 14:42

tightening stop 14:45

exit stop moved to breakeven ES @ 951 «« paper »»

needs to go or its just more Chop

Covered all Short ES at 951 --> 0 «« paper »» 14:49

Buys ES @ 953.25 «« paper »» 14:50

Exited all Long ES at 951 --> - 2.25 «« paper »» 14:53

Shorts ES @ 950.75 «« paper »»

<+ItalianSharp> looks like another pop to the upside is in the carcs 14:54

cards

i cant see eminis dropping from here...too much buying pressure

could be dead wrong of course

<+szubaark_away> lol 14:55

<+ItalianSharp> YM's 9100 is key support for now

we could easily visit 9200 before any big down move can be sustained

i am not trading this anyways so i can talk bullshit 14:56

:)

<oaktree> buy ym 9111 paper

<+ItalianSharp> 9111, reminds me of something bad 14:57

that 9100 is huge support if we bounce up again 14:58

<+oaktree> out ym 9128 paper 14:59

<+ItalianSharp> good scalp oaktree

<+szubaark_away> 3-4 PT Jumpy Wiggle on ES back and forth, tough on Stops

<+ItalianSharp> yes...we are trading inside the FOMC spikes

<+szubaark_away> scalpers must have been Bored to death all day LOL

<+ItalianSharp> which means, no clear direction

no clear direction ---> chop 15:00

<+szubaark_away> Covered all Short ES at 950.75 --> 0 «« paper »»

<+ItalianSharp> chop with vix above 60 is as bad as it can get

<+oaktree> thks. very choppy.

<+silo> Shorts YM @ 9125

2

<+ItalianSharp> we should rise higher 15:03

volume increasing to the upside

i meant...buying volume

we should have a big spike soon

<+szubaark_away> Buys ES @ 951.75 «« paper »» 15:04

<+ItalianSharp> here we go 15:05

<+szubaark_away> 955 THEN Intraday Highs 15:06

<+ItalianSharp> szu, i dont ES making new highs today...maybe NQ

it's an inside day

<+silo> Covered all YM Short @ 9145 --> - 20

<+ItalianSharp> range day

this upmove has some steam now...it'll be good for NQ to make new highs...dont know about ES

<+palmer> ss es 955 15:07

<+szubaark_away> NQ just made new highs now approaching yersturday FOMC Highs 15:08

ES lagging behing.. so far just picking off Stops back and forth like it always does 15:09

Exited all Long ES at 953.50 --> + 1.75 «« paper »» 15:10

<+palmer> coer ES+3

<+szubaark_away> so frikin TIGHT

<+palmer> this is soo much for me 15:11

<+pat255> y not easy

<+palmer> too much

<+szubaark_away> Shorts ES @ 950.25 «« paper »» 15:14

<+rickf> good run starting methnks 15:15

<+szubaark_away> rick, yea, that last high looks "exhausted" 15:16

Volatility increasing

Covered all Short ES at 939.75 --> + 10.5 «« paper »» 15:21

<+rickf> vn

<+szubaark_away> thanks

<+silo> Long YM @ 9062 15:24

2

Exited all YM Long @ 94 --> - 8968 15:25

90oops

Exited all YM Long @ 094 --> - 8968

freaking keyboard

Exited all YM Long @ 9092 --> + 30

<+pat255> vn

<+szubaark_away> most likely im done, dont want to give back todays hard earned Profits 15:26

<+MK> Long ES @ 949 «« paper »» 15:32

seems like repeat of yesterday-last hour selloff 15:34

Long ES @ 944.25 -> Add «« paper »» 15:35

Long ES @ 940.5 -> Add «« paper »»

Long ES @ 940.25 -> Add «« paper »» 15:36

Long ES @ 938.75 -> Add «« paper »» 15:38

Exited all ES Long @ 946 --> + 4.25 «« paper »» 15:41

<+silo> Shorts YM @ 9083 15:42

<+rickf> sheesh no rhyme or reason

<+silo> holding this one for longer 15:43

could get a big drop

<+rickf> CME is bumping up margins again 15:44

http://www.cme.com/clearing/rmspan/pbadv /files/Chadv08-299.pdf

obscene 15:45

ES initial from 5625 to 6188 15:47

<+Nesi> Covered all ES Short @ 940.00 --> + 24 «« paper »»

<+rickf> YM initial from 4376 to 5625

<+szubaark_away> that will eliminate most retail daytraders

AVERAGE retail emini account is 5K 15:48

<+rickf> yeah

<+szubaark_away> they will lose a lot of customers 15:49

<+rickf> i'm torked - i had just moved a bunch of cash out of my futures account and they bumped rates up 600% on Tuesday....right after i took my money out :(

now i have to put it back in

<+MK> what u mean they bump rate 600%?

<+rickf> open ecry raised daytrade margins on es ym

* +rickf went from 500 to like 2600 daytrade margin 15:50

<+szubaark_away> trading is hard enough, there is all this other crap we have to worry about

<+MK> i think velocity has $500 day margin-maybe changed now

<+rickf> i never used 500 margin .... always had plenty of cushion. but stiill. yeeesh

<+szubaark_away> computers,connection,power outages,margins,news gezz

<+rickf> i may as well start trading the dax for these new rates 15:51

<+silo> i wonder if we'll get a BIIIIG red bar ... profit target after yesterday's pop

<+szubaark_away> ailo, u still holding Short?

ailo=silo

<+silo> yes. ailo still holding shorts

from 9083 15:52

<+szubaark_away> u battling some nasty candles right now with wicks and sticks

<+silo> Covered all YM Short @ 9087 --> - 4 15:53

Long YM @ 9091

2

<+szubaark_away> silo think u caught the motherload 15:56

<+silo> Exited all YM Long @ 9180 --> + 89

<+szubaark_away> nice 15:57

<+rickf> wtg

<+silo> thanks

i needed that

have been trading poorly these past 2 days

going to re-evaluate 15:58

<+szubaark_away> u UP or down now:?

<+silo> i got so used to the high volatility environment from a few weeks ago

:\

<+rickf> ok guys have a good evening 16:03

<+codehead> YM is right at... the cash open price 16:04

we didn't go anywhere all day--lol 16:05

<+szubaark_away> like italian said, Inside day 16:07

<+codehead> the Ym closing squeeze brought it within 19 ticks of ab=cd wave target (a was lod, b the 9207 high, c the dump back to 9k, d= 9258) 16:28

iow, that last 35 of YM move almost as much as the 3-hour move earlier

<+werner> gn all 17:35

<@X> #FuturesTrades Info -> Some members (including me) explain basic details about their trades posted in #FuturesTrades @ http://thestrategylab.com/forum/index.ph p?board=58.0 and there's a link there to take you to #FuturesTrades archived logs if you're interested in reviewing past trades or market commentary posted in #FuturesTrades.
Session Close: Thu Oct 30 23:51:24 2008
22:52

Trading Edge:
Strategies
If your an independent trader looking for an edge to help you traverse around obstacles to profitable trading...a method that's well defined, gives you a better understanding of the markets, applicable for day trading, position trading, swing trading, market seasonal tendencies, position size management, intermarket analysis with a money back guaranteed policy...click here.

Trading Strategies -> Strategies used by NihabaAshi, from entry to exit, exploit inefficiencies in the price action for profits of the following trading instruments via WRB Analysis and Intermarket Analysis: Emini Index Futures (EMD, ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Index Derivatives (DAX, ESTX50), Euronext Index Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Energy Futures (CL, NG, HO, QM), COMEX Metals Futures (GC), Forex Currencies (EurUsd, EurYen, UsdCdn), Exchange Traded Funds (DIA, GLD, OIH, IWM, QQQQ, SPY, XLE) and Hang Seng Index Futures (HSI)

Current Performance Record of M.A. Perry	click on image to view actual size
	Today	Month	Year
Emini ES points	+70.50	+2043.75	+2982.50
U.S. Dollars	$3,525.00	$102,187.50	$149,125.00

Emini ER2 points	+0.00	+0.00	+2484.70
U.S. Dollars	$0	$0	$248,470.00

We are proud to say that our chat room members are from the following geographical areas in the world:

Argentina, Australia, Belgium, Brazil, Canada, Denmark, France, Germany, Greece, Hong Kong (China), Italy, Japan, Mexico, Portugal, Puerto Rico (U.S.), Saudi Arabia, Singapore, Spain, United States and Venezuela.

In addition, below are the trading instruments our chat room members monitor closely to make trade decisions:

CME Emini Futures EMD, ES and NQ

ICE Emini TF (formerly CME ER2)

CBOT mini-sized Dow Futures YM

Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50

Eurex Fixed Income Derivatives BUND, BOBL and Schatz

Euronext Futures FTSE-100 and CAC-40

CME Futures EuroFX EC

Treasury Futures T-Notes ZN, ZF and T-Bonds ZB

Forex Currencies EurUsd, EurYen and UsdCdn

Exchange Traded Funds DIA, IWM, QQQQ, SPY, OIH, XLE and GLD

NYMEX Energies Light Crude Oil CL, e-miNY QM and Natural Gas NG

COMEX Metals Gold GC and ZG

Hang Seng Index Futures HSI

Last of all, if you have any questions about any of the above commentary, specific trades et cetera...

Don't hesitate to ask your questions and we'll reply back as soon as possible.

Sincerely,

M.A. Perry and Associates

TheStrategyLab.com

questions@thestrategylab.com

"The point of this whole exercise is to make money. Everything else is just conversation." --Jonathan Hoenig